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Pakistan dismisses reports of trade with Israel

12:38 PM | 2 Apr, 2023
Pakistan dismisses reports of trade with Israel
Source: Twitter

A spokesperson for Pakistan's Commerce Minister Naveed Qamar on Saturday dismissed reports of trade between Pakistan and Israel as "sheer propaganda."

This statement was made in response to claims made by the American Jewish Congress that a shipment of Pakistani food products had been delivered to Israel by Pakistani-Jewish businessman Fishel Benkhald. Benkhald shared a video on Twitter of the goods he had "exported" to Israel, including dates, dried fruit, and spices.

However, Pakistan's Commerce Minister denies any official trade relations with Israel and has stated that the transaction was not supported by the Pakistani government. Pakistan does not recognize Israel as a state and supports the establishment of an independent Palestinian state.

According to the spokesperson, Benkhald sent the food samples to businessmen in Jerusalem and Haifa in a "personal capacity," with no involvement from the Pakistani government or official channels. The spokesperson also noted that the United Arab Emirates (UAE) has recently reduced tariffs on goods traded with Israel, benefiting traders from the UAE to Israel.

The UAE and Israel established diplomatic relations in 2020 under the Abraham Accords, brokered by the Trump administration to normalize relations between Israel and other Middle Eastern states.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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